Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
coalspotCOALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel. 
 
The Indonesia coal price reference increased 2.59% month on month. The Indonesia coal price reference for the month of April 2021 declared at US$ 86.68 for exports. The selling price of coal for the domestic power plants, which is supplying power to state-owned electricity company (Perusahaan Listrik Negara (PLN), is capped at $70 per Ton for April 2021 delivery.
 
The Ministry of Energy and Mineral Resources of the Republic of Indonesia revised up the benchmark price of Indonesian thermal coal in April 2021 loading by US$ 2.19 per ton compared to March 2020 price.
 
The declared Indonesian thermal coal price reference for April 2021 delivery is 31.79% higher compared to that in April 2020 price. 
 
An increase or decrease in four coal indices such as Indonesia Coal Index (ICI), Platts-5900, Newcastle Export Index (NEX) and Global coal Newcastle Index (GCNC) will cause an increase or decrease in Indonesian coal price reference every month, as HBA is linked to those coal indices.
 
The coal price reference in Indonesia was established to fulfill the requirement of mining Law 04/2009 and ministerial decree No.17/2010. In addition to that, it aims to increase government revenue from royalties from coal producers.
 
The declared Indonesia thermal coal reference price (or called HBA) for September 2020 was the lowest in 148 months or since launching of HBA by the government of Indonesia. The royalties and taxes will be calculated based on this declared HPB. The highest monthly average price occurred in February 2011, while the lowest coal price occurred in September 2020. The September 2020 HBA was 61.10% lower than the February 2011 price.
 
Indonesian coal benchmark price for April 2021 was calculated based on calorific value of 6,322 kcal/kg (GAR), stated to be using a formula based on the March 2021 index average of ICI-1 (Indonesia Coal Index) 25%, Platts-5900 25%, NEX (Newcastle Export Index) 25%, and GC (globalCoal Index) 25% and its was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8% (arb), Ash Content 15 % (arb) and  delivery free on Board (FOB) Vessel basis and apply to spot contract, delivery between 1- 30 April 2021 or until publish an new Coal Price Reference (HBA).
 
The highest benchmark price was declared by the Ministry of Energy & Mineral Resources of Indonesia in February 2011, and this month’s declared price is around US$ 40.37 a ton lower compared to Feb’11 benchmark price. In the meantime, this month’s declared price was around US$ 37.26 higher compared to that in September 2020 benchmark price, which was the lowest price ever declared by MEMR.
 
The government of Indonesia is publishing a monthly coal price reference (HBA & HPB) since February 2009 to be used by coal producers for all spot as well as term contracts.
 
However, the official implementation of HBA was commenced since September 2011 and according to government regulation, the coal benchmark price must be used by the holders of production operation IUPs, special production operation IUP's, and CCoWs as a reference in determining the coal selling price for a particular period.
 
The declared HBA in this month is valid for the spot price (loading on or before 30 April 2021 or until issuing an new HBA), while (as per previous HBA note) as for term price (up to 12 months’ supply), the average reference price (HPB) of the previous three months will be used to determine the selling price. (A 50 per cent of latest month's HPB (the current month), a 30% one-month prior HPB and a 20% of two-month prior HPB).
 
The government used to declare the price marker for eight brands of Indonesia's coal, which were most commonly traded in the market. Those eight brands act as the benchmark and used to calculate other 69 coal types with a quality similar to the coal price markers. However this time, the government was issued price for HBA and no HPB prices was published.
 
COALspot.com, used its own calculator which is developed based on HBA/HPB formula and terms and condition declared by DGoMC to calculate HPB prices for eight major brands and for other types of coals. The government has stopped declaring formulas or methodologies that used to calculate either HBA or HPB. COALspot.com now publishing HPB and other coal prices based on HBA declared in this month.
 
Click here for details of Indonesian coal price reference since January 2009.(cs).
 
COALspot.com makes no warranties, express or implied, as to the accuracy adequacy or completeness of the information and assumes no liability in connection with any party use of it. The information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
 
COALspot.com will endeavor to update information where appropriate but is under no obligation to do so. All third party users of this website and or data produced or published by the COALspot.com do so at their own risk.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market   The race to develop liquified natural gas (LNG) facilities in th ...


Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements   The traditional S-curve growth exhibited by disruptive te ...


Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...


Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...


Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Tanito Harum - Indonesia
  • Berau Coal - Indonesia
  • Energy Link Ltd, New Zealand
  • South Luzon Thermal Energy Corporation
  • OCBC - Singapore
  • Asian Development Bank
  • Sakthi Sugars Limited - India
  • Tata Chemicals Ltd - India
  • Chamber of Mines of South Africa
  • J M Baxi & Co - India
  • MS Steel International - UAE
  • Sarangani Energy Corporation, Philippines
  • Jindal Steel & Power Ltd - India
  • Eastern Coal Council - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • Idemitsu - Japan
  • TNPL - India
  • Kideco Jaya Agung - Indonesia
  • Central Java Power - Indonesia
  • PLN Batubara - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Permata Bank - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Renaissance Capital - South Africa
  • European Bulk Services B.V. - Netherlands
  • Larsen & Toubro Limited - India
  • Dalmia Cement Bharat India
  • Meralco Power Generation, Philippines
  • Salva Resources Pvt Ltd - India
  • KEPCO - South Korea
  • Bukit Baiduri Energy - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Bank of China, Malaysia
  • Sree Jayajothi Cements Limited - India
  • Surastha Cement
  • Coeclerici Indonesia
  • Minerals Council of Australia
  • ANZ Bank - Australia
  • TANGEDCO India
  • Iligan Light & Power Inc, Philippines
  • Vale Mozambique
  • Merrill Lynch Bank
  • World Coal - UK
  • Ernst & Young Pvt. Ltd.
  • ACC Limited - India
  • Bukit Makmur.PT - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Rio Tinto Coal - Australia
  • Makarim & Taira - Indonesia
  • Noble Europe Ltd - UK
  • Coalindo Energy - Indonesia
  • Independent Power Producers Association of India
  • Petrochimia International Co. Ltd.- Taiwan
  • Price Waterhouse Coopers - Russia
  • Malabar Cements Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • TeaM Sual Corporation - Philippines
  • Maruti Cements - India
  • World Bank
  • Alfred C Toepfer International GmbH - Germany
  • Adaro Indonesia
  • Orica Mining Services - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CCIC - Indonesia
  • PNOC Exploration Corporation - Philippines
  • San Jose City I Power Corp, Philippines
  • WorleyParsons
  • Directorate General of MIneral and Coal - Indonesia
  • Platts
  • TRAFIGURA, South Korea
  • EMO - The Netherlands
  • Japan Coal Energy Center
  • DBS Bank - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • GN Power Mariveles Coal Plant, Philippines
  • Clarksons - UK
  • Thai Mozambique Logistica
  • Posco Energy - South Korea
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mintek Dendrill Indonesia
  • Toyota Tsusho Corporation, Japan
  • Siam City Cement PLC, Thailand
  • Attock Cement Pakistan Limited
  • Anglo American - United Kingdom
  • Antam Resourcindo - Indonesia
  • Cemex - Philippines
  • Thailand Anthracite
  • Riau Bara Harum - Indonesia
  • U S Energy Resources
  • Standard Chartered Bank - UAE
  • Kobe Steel Ltd - Japan
  • Heidelberg Cement - Germany
  • Barclays Capital - USA
  • Mercator Lines Limited - India
  • Electricity Generating Authority of Thailand
  • Simpson Spence & Young - Indonesia
  • Humpuss - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Xindia Steels Limited - India
  • bp singapore
  • IMC Shipping - Singapore
  • UOB Asia (HK) Ltd
  • Cardiff University - UK
  • Indo Tambangraya Megah - Indonesia
  • Gupta Coal India Ltd
  • Medco Energi Mining Internasional
  • Vijayanagar Sugar Pvt Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Latin American Coal - Colombia
  • Star Paper Mills Limited - India
  • Port Waratah Coal Services - Australia
  • KPCL - India
  • Bank of America
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Thomson Reuters GRC
  • Sojitz Corporation - Japan
  • Samsung - South Korea
  • Commonwealth Bank - Australia
  • Bhushan Steel Limited - India
  • Britmindo - Indonesia
  • Videocon Industries ltd - India
  • Binh Thuan Hamico - Vietnam
  • SUEK AG - Indonesia
  • Georgia Ports Authority, United States
  • Platou - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • PetroVietnam
  • GHCL Limited - India
  • Inspectorate - India
  • GMR Energy Limited - India
  • Intertek Mineral Services - Indonesia
  • Runge Indonesia
  • Metalloyd Limited - United Kingdom
  • Peabody Energy - USA
  • Indorama - Singapore
  • Parry Sugars Refinery, India
  • Kumho Petrochemical, South Korea
  • Vedanta Resources Plc - India
  • Cargill India Pvt Ltd
  • Core Mineral Indonesia
  • Arutmin Indonesia
  • JPMorgan - India
  • KPMG - USA
  • Wilmar Investment Holdings
  • Borneo Indobara - Indonesia
  • Malco - India
  • Qatrana Cement - Jordan
  • Bangkok Bank PCL
  • Kartika Selabumi Mining - Indonesia
  • New Zealand Coal & Carbon
  • KOWEPO - South Korea
  • Madhucon Powers Ltd - India
  • Indian Energy Exchange, India
  • Wood Mackenzie - Singapore
  • Savvy Resources Ltd - HongKong
  • Jaiprakash Power Ventures ltd
  • TGV SRAAC LIMITED, India
  • India Bulls Power Limited - India
  • Economic Council, Georgia
  • Lafarge - France
  • Globalindo Alam Lestari - Indonesia
  • SASOL - South Africa
  • Total Coal South Africa
  • The State Trading Corporation of India Ltd
  • SRK Consulting
  • Thermax Limited - India
  • Pendopo Energi Batubara - Indonesia
  • APGENCO India
  • NTPC Limited - India
  • Mercuria Energy - Indonesia
  • Deutsche Bank - India
  • Samtan Co., Ltd - South Korea
  • Thriveni
  • Global Business Power Corporation, Philippines
  • Ministry of Transport, Egypt
  • Ince & co LLP
  • Oldendorff Carriers - Singapore
  • Mitsui
  • BRS Brokers - Singapore
  • Inco-Indonesia
  • Ind-Barath Power Infra Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Coal India Limited
  • Panama Canal Authority
  • Formosa Plastics Group - Taiwan
  • The University of Queensland
  • Sical Logistics Limited - India
  • Australian Commodity Traders Exchange
  • Singapore Mercantile Exchange
  • Trasteel International SA, Italy
  • GNFC Limited - India
  • Karaikal Port Pvt Ltd - India
  • PLN - Indonesia
  • CESC Limited - India
  • VISA Power Limited - India
  • Directorate Of Revenue Intelligence - India
  • NALCO India
  • Vitol - Bahrain
  • Therma Luzon, Inc, Philippines
  • HSBC - Hong Kong
  • Bulk Trading Sa - Switzerland
  • Kobexindo Tractors - Indoneisa
  • Energy Development Corp, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Gresik Semen - Indonesia
  • Uttam Galva Steels Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Banpu Public Company Limited - Thailand
  • Russian Coal LLC
  • Global Coal Blending Company Limited - Australia
  • Mitsubishi Corporation
  • Kalimantan Lumbung Energi - Indonesia
  • ING Bank NV - Singapore
  • Jatenergy - Australia
  • Semirara Mining and Power Corporation, Philippines
  • EIA - United States
  • Indonesia Power. PT
  • Arch Coal - USA
  • Sucofindo - Indonesia
  • PowerSource Philippines DevCo
  • London Commodity Brokers - England
  • Carbofer General Trading SA - India
  • IOL Indonesia
  • Argus Media - Singapore
  • Power Finance Corporation Ltd., India
  • OPG Power Generation Pvt Ltd - India
  • Ambuja Cements Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Chettinad Cement Corporation Ltd - India
  • Merrill Lynch Commodities Europe
  • Cosco
  • Petron Corporation, Philippines
  • globalCOAL - UK
  • Mechel - Russia
  • Enel Italy
  • Orica Australia Pty. Ltd.
  • Goldman Sachs - Singapore
  • Petrosea - Indonesia
  • CoalTek, United States
  • Grasim Industreis Ltd - India
  • Ministry of Mines - Canada
  • Freeport Indonesia
  • Edison Trading Spa - Italy
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Planning Commission, India
  • Coaltrans Conferences
  • Electricity Authority, New Zealand
  • Agrawal Coal Company - India
  • Manunggal Multi Energi - Indonesia
  • Essar Steel Hazira Ltd - India
  • Semirara Mining Corp, Philippines
  • Aditya Birla Group - India
  • RBS Sempra - UK
  • Baramulti Group, Indonesia
  • Reliance Power - India
  • Indogreen Group - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Indian School of Mines
  • Bayan Resources Tbk. - Indonesia
  • Mitra SK Pvt Ltd - India
  • IBC Asia (S) Pte Ltd
  • Fearnleys - India
  • Maersk Broker
  • Maharashtra Electricity Regulatory Commission - India
  • Bharathi Cement Corporation - India
  • Meenaskhi Energy Private Limited - India
  • Eastern Energy - Thailand
  • ASAPP Information Group - India
  • CIMB Investment Bank - Malaysia
  • GAC Shipping (India) Pvt Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Adani Power Ltd - India
  • Vizag Seaport Private Limited - India
  • Indian Oil Corporation Limited
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Coastal Gujarat Power Limited - India
  • UBS Singapore
  • MEC Coal - Indonesia
  • Xstrata Coal
  • Australian Coal Association
  • Interocean Group of Companies - India
  • Altura Mining Limited, Indonesia
  • Glencore India Pvt. Ltd
  • Indika Energy - Indonesia
  • Sindya Power Generating Company Private Ltd
  • White Energy Company Limited
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Indonesian Coal Mining Association
  • LBH Netherlands Bv - Netherlands
  • GB Group - China
  • Jorong Barutama Greston.PT - Indonesia
  • Tata Power - India
  • ETA - Dubai
  • Geoservices-GeoAssay Lab
  • Deloitte Consulting - India
  • Siam City Cement - Thailand
  • The India Cements Ltd
  • Pinang Coal Indonesia
  • SMG Consultants - Indonesia
  • PTC India Limited - India
  • McKinsey & Co - India
  • Coal and Oil Company - UAE
  • Bhatia International Limited - India
  • Shenhua Group - China
  • Coal Orbis AG
  • Cement Manufacturers Association - India
  • SGS (Thailand) Limited
  • Bangladesh Power Developement Board
  • ICICI Bank Limited - India
  • Parliament of New Zealand
  • Thiess Contractors Indonesia
  • McConnell Dowell - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Tamil Nadu electricity Board
  • Kapuas Tunggal Persada - Indonesia
  • IEA Clean Coal Centre - UK
  • Shree Cement - India
  • Asia Cement - Taiwan
  • Maheswari Brothers Coal Limited - India
  • Gujarat Sidhee Cement - India
  • Holcim Trading Pte Ltd - Singapore
  • Lanco Infratech Ltd - India
  • Moodys - Singapore
  • BNP Paribas - Singapore
  • Romanian Commodities Exchange
  • Infraline Energy - India
  • Timah Investasi Mineral - Indoneisa
  • CNBM International Corporation - China
  • Asmin Koalindo Tuhup - Indonesia
  • Barasentosa Lestari - Indonesia
  • Cebu Energy, Philippines
  • Mjunction Services Limited - India
  • Credit Suisse - India
  • Central Electricity Authority - India
  • Kepco SPC Power Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • JPower - Japan
  • SMC Global Power, Philippines
  • Straits Asia Resources Limited - Singapore
  • Ministry of Finance - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Marubeni Corporation - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Africa Commodities Group - South Africa
  • Maybank - Singapore
  • The Treasury - Australian Government
  • GVK Power & Infra Limited - India
  • Rudhra Energy - India
  • Aboitiz Power Corporation - Philippines
  • Bhoruka Overseas - Indonesia